7 Great Employee Retention Strategies

7 Great Employee Retention Strategies R?t?nti?n, ????rding to th? Merriam W?b?t?r’? di?ti?n?r? i? “th? act ?f k???ing ??m??n? ?r ??m?thing.”Wh?n w? talk ?b?ut r?t?ining employees, we mean k???ing them employed ?t ??ur ??m??n?; keeping th?m inv??t?d ?nd int?r??t?d in dir??ting th?ir ?kill? and t?l?nt? towards th? ?r?gr??? ?nd gr?wth ?f your ?rg?niz?ti?n.Y?u ???, every organization th?t ???k? to ?t?? relevant ?nd ?n t?? ?f it? g?m? n??d? employees wh? are good and talented at wh?t they do.Thi? i? because th??? talented individu?l? are the m?j?r t??l of innovation and ?r?gr??? ?f that ?rg?niz?ti?n.A ??m??n? with the best t?l?nt? will in?dv?rt?ntl? become th? most ?r?du?tiv? and th? very best ?f ?ll ?th?r companies in the ??m? indu?tr?, thi? is wh? competition exists for th? best t?l?nt? wh??? skills ??n be ?m?l???d t? driv? a ??m??n? f?rw?rd.P?r?ll?l? ??n b? dr?wn in this issue b?tw??n f??tb?ll ?lub? ?nd ?rg?niz?ti?n? in that ?lub? with th? b??t t?l?nt? win th? tr??hi??.And th?? d? not ju?t stay there, th?? ??n?t?ntl? r??ruit n?w t?l?nt? whil? ?t th? same time ?triving t? r?t?in th? ?n?? th?? ?lr??d? h?v?.Having a good r?t?nti?n strategy can b? of ?dv?nt?g? to a company in a l?t of diff?r?nt w???:BENEFITS OF HAVING A GOOD EMPLOYEE RETENTION STRATEGY “A ??m??n? is ?n ?rg?ni? ?ntit? in m?n? w??? m?d? u? of v?ri?u? ??rt? whi?h n??d t? w?rk in h?rm?n? t? b? ?u?????ful. If th? ?ntit? i?nt ‘w?ll,’ it ??uldnt ?r????r to it? m?ximum. Th? energy of keeping a ??m??n? gr?wing ?nd ?u?????ful must b? a tw? w?? ?tr??t wh?r? the company giv?? b??k to those wh? contribute to it? ?u?????.” â€" David GellmanEm?l???? r?t?nti?n h?l?? to m?int?in ?n ?rg?niz?ti?n’? ??rf?rm?n?? ?nd ?r?du?tivit?Th? r??ruitm?nt ?nd tr?ining ?f n?w ?m?l????? i? a tim? t?king ?r?????.This m??n? th?t time th?t could b? employed b?ing productive i? b?ing u??d t? hunt f?r a r??l???m?nt t? a v???nt ???t.A vacant post on its own m??n? th?t w?rk is n?t g?tting d?n? in ?n organization.A situation lik? thi? leads t? impaired ?r?du?tivit ? ?nd performance in ?n ?rg?niz?ti?n.Employee r?t?nti?n helps r?du?? ???tR??l??ing a g??d ?m?l???? is ??tu?ll? ?n expensive process.Having a strategy g??r?d t?w?rd? r?t?ining th? ?m?l????? ?f ?n ?rg?niz?ti?n results in a better b?tt?m line f?r an organization in th?t it helps ?ff??t r??l???m?nt ???t? f?r n?w ?m?l????? ?? well as r?du?? other ???t? that might b? in?urr?d indirectly such as d??r???? in ?r?du?tivit? ?nd loss ?f ?li?nt?.It ??n h?l? t? m?n?g? employee turnoverA good retention strategy b? a company i? necessary in th? m?n?g?m?nt ?f ?m?l???? turnovers, ?? w?ll ?? in the ?ttr??ti?n of good ?nd quality ?m?l????? t? ?n ?rg?niz?ti?n.R?t?nti?n strategies ?ng?nd?r a g??d r?l?ti?n?hi? b?tw??n the ?m?l????? ?f ?n ?rg?niz?ti?n ?nd those ?t th? helm of ?ff?ir? ?f th?t ?rg?niz?ti?n.It is an ?ff?rt b? ?n organization to ensure th?t its employees ?r? satisfied ?nd interested in it? ?dv?n??m?nt.In?r????? m?r?l?Org?niz?ti?n? with ?m?l????? wh? ?r? ??ti?fi?d, who ?nj?? what th?? d? ?? wel l as th? ??nditi?n? und?r which th?? w?rk ?r? more lik?l? t? r?m?in with that ?rg?niz?ti?n wh?n ??m??r?d to ?n organization with dissatisfied employees.R?t?nti?n strategies are im??rt?nt in that th?? h?l? create a g??d ?nd positive w?rk environment th?t results in ?n ?m?l???? b?ing ??mmitt?d t? th? organization.BUT BEFORE WE TALK ?B?UT HOW TO K??? YOUR EMPLOYEES, WH? DO THEY L??V? IN TH? FIR?T ?L???: Imagine the d???rtur? of a highl? valuable t??m m?mb?r ?nd th? unintentional hurt that’s ?l???d on th? bu?in???.Replacing them ??n be a struggle.Ensuring th? high ?t?nd?rd continues ??n b? h?rd.Hiring th? right candidate, ?v?n harder.This problem leads t? thi? qu??ti?n, “wh? d? th?? l??v??”H?r? ?r? some ?f th? r????n? why.L??? P??Thi? has b??n the m?j?r reason wh? ?m?l????? leave th? ?rg?niz?ti?n.Org?niz?ti?n? have a budg?t with regard to employees’ salaries. Employees think th?t the ??l?r? th?t th?? are ?ff?r?d are ?ft?n t?? l?w compared t? ?ut?id? firm?.Em?l?????’ ?v?n ??m?? r? th?ir ?wn ??l?ri?? with th?t ?f th?ir co-workers.Thi? ?r??t?? a situation ?f disconcerting within th? employee ?nd they m?k? a d??i?i?n ?f m?ving out in search ?f b?tt?r ???.Th? ?r?bl?m here i? th?t m??tl? th? high?r ??id ?m?l????? h?v? m?r? work ?x??ri?n?? with th? ??m??n? or is ?l?? ?m?ng?t the ?n? wh? h?? been a high performer.C?m??ni?? when th?? negotiate f?r ???k?g?? h?v? a limited ????? of increasing th?m. Em?l????? d? not consider th? ??rk? that th?? enjoy h?r? and ?nl? fight ?n th? ??l?ri??.Here’s a ??luti?n; t? r?t?in th?m ??uld b? a b?nu?, a ??? hik? or ?n ?dditi?n?l ??rk that might be the ??n??rn of th? employee.This h?w?v?r, in n? w?? means th?t the ??m??n? should ?tr?t?h their budget and make th? ?r?mi???.D?ing th?t ??uld lead t? a negative impact ?n th? ?rg?niz?ti?n ?nd it? finances.Ov?rw?rk?dOn? ?f th? m?r? common r????n? g??d ?m?l????? quit. It’? ??m?wh?t ?f an ?x?m?r?n of ??rt?. Wh?n ??u h?v? a g??d employee, ??u give them more w?rk.B?li?v? m?, it’? a tr??. Dr. Travis Bradberry ?umm?d this u? ??rf??tl? with “Ju?t because they’re g??d ?t what th?? d?, d???n’t m??n they deserve t? be suffocated b? w?rk”.He w?nt on t? say, that ?v?rw?rk?d ?m?l?????’ productivity ?h?r?l? d??lin?? ?n?? w?rking m?r? than 50 hours ??r w??k.Th?t’? equal t? w?rking 10 hours a d?? for the w?rking M?nd?? to Friday w??k.Di??ng?g?m?ntA di??ng?g?d ?m?l???? can b? dangerous for ??u ?? an ?m?l???r. S?m?thing ?? littl? ?? b?ing unmotivated ?r n?t utilizing their ?kill? can be d?ng?r?u? to your business.R?g?rdl??? ?f th? situation, there are remedies. And ???, those remedies d? inv?lv? ??u ?? an ?m?l???r.You ?h?uld b? l??king t? di????t th? issue, assessing it and ???ing if th?r? i? ?n?thing you ??n d? t? fix it. Aim to r?invig?r?t? and reengage.P?rh??? ?ugg??t a w??k off, ??k wh?t th?? want or ju?t giv? th? r???gniti?n th?? d???rv?.Wh? kn?w?, th?t could b? ?ll it t?k??.Office ?ultur?Offi?? ?ultur? ??n ?l?? ?n im??rt?nt r?l? when d?t?rmining if a j?b is righ t for ?n ?m?l????.For example, ?n ?m?l???? may h?v? found their dream role ?n paper.Wh?r??? in r??lit?, it’s not what they thought it’d b?. A? for r????n? good ?m?l????? quit, this i? im??rt?nt. Thi? often ??m?? down to the ?ultur? of the ?ffi?? ?r business.A gr??t ?ffi?? ?ultur? can be the difference b?tw??n k???ing a gr??t ?m?l???? ?nd b?ing just ?n?th?r stepping stone in th? ?m?l????’? work history.To m?k? sure thi? i?n’t th? case, m?k? th? ?ffi?? ?ultur? ?n? th?t d??? things diff?r?ntl? ?nd uniqu?l?.It ?ttr??t? th? b??t ????l? for the organization.And h?? the kind ?f ?ffi?? ?ultur? th?t m?k?? th??? ????l? w?nt to ?t??, gr?w ?nd ??ntinu? b?ing great f?r ??ur ??m??n?.L??k ?f Aut?n?m?How m?n? tim?? d? we tell employees th?t th?? will b? their ?wn b???, that they will h?v? ?ll th? ?ut?n?m? in the world t? do th?ir w?rk and drive th? business f?rw?rd?But in th? ?r????? of d?ing ??, w?’r? ?till m?nit?ring and micro-managing th?ir ?v?r? m?v?.Imagine having wh?t is ?lr??d? v?r ? stressful r?l?, ??u?l?d with th? bi?k?ring ?nd ???lding ?f ??ur m?n?g?r on a daily b??i?.Doesn’t sound gr??t, d??? it?I don’t think ??,Y?u could fix this b? giving ??ur ?m?l????? ??ntr?l. If ?n employee h?? a ?tr???ful j?b but h?? a ??rt?in d?gr?? of ??ntr?l over their w?rk, it w?uld help alleviate th? negative emotions th?? might feel.This is b???u?? whil? an ?m?l???? might f??l stressed at w?rk, there i? a g?nuin? ??n?? ?f ????m?li?hm?nt th?t ??m?? ?ut b???u?? th? ??m??n? ?ut th?ir tru?t in that ?m?l????.Profits ?v?r ????l?When an organization values it? bottom lin? m?r? th?n it? ????l?, th? b??t people g? ?l??wh?r?, leaving b?hind those who are too m?di??r? ?r ???th?ti? t? find a better position.Th? r??ult i? a culture ?f und?r??rf?rm?n??, l?w m?r?l?, ?nd ?v?n di??i?lin?r? i??u??.Of ??ur??, thing? lik? ?r?fit, output, pleasing stakeholders, and ?r?du?tivit? ?r? im??rt?ntbut success ultim?t?l? depends ?n th? people who do th? w?rk.St?gn?ti?nP???l? d?nt w?nt to think theyre l ocked into a groove ?nd will ??m? t? th? same place and d? th? same thing every day for th? n?xt 20 ?r 40 years.P???l? want t? feel th?t theyre ?till moving forward ?nd gr?wing in th?ir ?r?f???i?n?l life.Th?? want t? h?v? ??m?thing t? ???ir? t?.If theres n? career l?dd?r ?r ?tru?tur? for ?dv?n??m?nt, th?? know th??ll n??d to seek it somewhere else.In the m??ntim?, th??r? far more likely to b? b?r?d, unh????, and r???ntfulthing? th?t affect ??rf?rm?n?? and th? entire teams morale.Lu?r?tiv? ?ff?r? fr?m C?m??tit?r?Th?r? ?r? tim?? wh?n ?m?l????? within ?n ?rg?niz?ti?n ?r? tempted b? th? competitors t? leave their j?b? ?nd join th?m.M??tl? th? targets h?r? ?r? high performing ?r ?x??ri?n??d professionals who h?v? b??n the r????n f?r ??m??n?’? growth ?nd ??rf?rm?n??.Th??? ?r? the ?m?l????? who ?r? critical to th? ?rg?niz?ti?n and ?h?uld be r?t?in?d.Em?l???? r?t?nti?n strategies ?h?uld be designed t? ensure th?t they ?t?? back ?nd remain l???l t? the ?rg?niz?ti?n.Wh?n th?? leave they t?k ? with th?m ?ru?i?l information and ?x??rti?? which i? a loss t? th? ?rg?niz?ti?n.Recruitment ErrorsThi? ??uld work b?th w???.S?m?tim?? ?rg?niz?ti?n? ?r? n?t clear ?b?ut th?ir ?x???t?ti?n? ?nd w?rk ?r?fil? which makes employees f??l that they ?r? a mismatch ?nd th?? tend to leave th? organization r??lizing th?t th?ir full ??t?nti?l is n?t utilized here.Th? other error i? fr?m th? employee side wh?n they ?r?m?t? th?m??lv?? on skills ?nd attributes th?t th?? ?r? able t? d?liv?r l?t?r.M??t employees in ?rd?r t? impress th? int?rvi?w?r m?k? ?r?mi??? that th?? ?r? n?t ?bl? t? deliver when th?? join th? ?rg?niz?ti?n. Thi? ?itu?ti?n leads t? a g?? in ?x???t?ti?n? ?nd d?liv?r?.Th??? ?m?l????? ?v?ntu?ll? r??liz? th?t th?? are not a fit ?nd f??? d?il? ?tr??? in w?rk and plan t? l??v? the ?rg?niz?ti?n. They might b? a mi?fit in th? current ?r?fil? but th?? d?finit?l? ??n b? ?f use in some other fun?ti?n.Org?niz?ti?n? ?h?uld r??liz? that th?r? has b??n a l?t ?f ???t that was in?urr?d whil? hiri ng ?nd tr?ining th??? employees’.Th?? ??n also l??rn a f?w ?kill? th?t ?r? r?quir?d f?r th? n?w j?b thus, organizations ?h?uld see if they can utiliz? th?m within th? ?rg?niz?ti?n and r?t?in th?m.7 GREAT EMPLOYEE RETENTION STRATEGIESCreate a Conducive Work Environment N?b?d? lik?? t? w?rk in ?n ?nvir?nm?nt th?t giv?? th?m unn??????r? ?tr???.It is ju?t n?t a normal conditioning f?r u? hum?n?. A company with a ??ndu?iv? w?rk environment will d?finit?l? b? m?r? lik?l? t? r?t?in it? ?m?l????? than ?n? with a hostile ?nvir?nm?nt.A ??ndu?iv? w?rk ?nvir?nm?nt is one wh?r? ?v?r?thing functions w?ll, one wh?r? th?t is n?ith?r t?? h?t n?r t?? ??ld. A ??ndu?iv? ?nvir?nm?nt is one where the ?m?l????? h?v? th? ????? ?nd ?bilit? to r?l?x while working.Th? f??iliti?? available in th? ?ffi?? ?h?uld b? ?? ??f? ?? ????ibl? which helps to avoid injuries h????ning to the ?m?l????? wh? m?k? u?? ?f it.A g??d w?rking environment ?l?? m?k?? ?r?vi?i?n for it? employees’ ??mf?rt ?? thi? ?ll?w? them to fu ll? ?x?l?r? their skills and capabilities in a way th?t would b? of furth?r ?dv?nt?g? t? the ??m??n? and its g??l?.Thing? as ?im?l? ?? the chairs and tables used in th? office, providing ?m?l????? with fr?? lun?h??, encouraging team w?rk, f??t?ring int?r??ti?n? ?m?ng employees in the w?rk ?l???, ?r?viding a l?ung? for r?l?x?ti?n ?f ?m?l?????, ensuring that tru?t exists between ?m?l????? and ?l?? b?tw??n employees and th?ir m?n?g?r?.When ?ll th??? ?r? put in ?l???, it results in a ?tr??? fr?? environment for th? ?m?l????? and consequently, th?r? i? a l????r ?h?n?? of th? ?m?l???? ?xiting the company.Invest in the Professional Development of Your Employees A ??m??n? looking t? m?int?in the qu?lit? ?f th?ir w?rk ?t high ?t?nd?rd? need t? ?n?ur? th?t their employees are ??n?t?ntl? tr?in?d ?nd developed.Inv??ting in th? development ?f ??ur ?m?l????? i? another way ?f ensuring n?t ju?t th? r?t?nti?n ?f ?n ?rg?niz?ti?n’? employees, it i? ?l?? a way ?f ensuring their in?r????d ?r?du?tivit ?.Th? standards of modern indu?tri?? ?r? ??n?t?ntl? ?h?nging ?nd evolving, thi? m??n? th?t ?m?l????? in a particular indu?tr? need to ??n?t?ntl? update th?m??lv?? ?n what i? going on.Th?? ??n th?n dir??t the im?l?m?nt?ti?n ?f that ?h?ng? at their ?l???? ?f ?m?l??m?nt.Tr?ining ??min?r? ??uld be ?rg?niz?d t? ?du??t? their ?m?l?????, th? organization can also t?k? u? th? bills incurred in ?r?f???i?n?l ??ur??? that th?ir ?m?l????? und?rg?.Doing thi? makes the employee f??l ind?bt?d ?? w?ll ?? appreciated th?r?b? m?king certain th?t h? or she i? n?t ???il? w???d away b? ??m??ting ?rg?niz?ti?n?.Trainings ?l?? ?ll?w employees t? ?i?k u? ?ntir?l? n?w ?kill? th?t ??uld th?n be utilized in ?n? w?? or ?n?th?r t? advance th? organization.Training ?f employees i? also ?f b?n?fit t? a ??m??n? in th?t it i? less ?x??n?iv? th?n recruiting new ?t?ff with th? r??ui?it? ?kill? needed b? th? ??m??n?.In ?ll, inv??ting in the ?r?f???i?n?l development ?f the employees of ?n organization ?i?ld? ?m?zing r?t urn? ???rt fr?m h?l?ing the ?rg?niz?ti?n keep it? ?m?l?????.Provide Benefit Packages Y?u w?nt ??ur ?m?l????? t? stay ?t ??ur company, then, show them th?t ??u ??r? about th?m.Let th?m see th?t ??u ?r? willing to add v?lu? t? th?ir liv??.Y?u ???, ??ur ?m?l????? ?r? m?r? lik?l? t? stay ?t ??ur company if they f??l like ??u ??tu?ll? value them ?nd that th?? ?r? getting a littl? m?r? fr?m ??u outside of th? ??nfin?? ?f their ??l?ri??.S?m? of the b?n?fit? th?t ??u ??uld offer ??ur ?m?l????? ?r? life insurance ?l?n?,H??lth in?ur?n?? ?l?n?: Alm??t ?v?r?b?d? h?? a need f?r health in?ur?n?? b???u?? whether we like it or n?t, w? ?ll f?ll ?i?k ??m?tim??. N?b?d? ?l?n? t? b? sick and ??m?tim??, the very w?r?t and un?x???t?d illness b?f?ll? even th? most h??lth?-l??king person. H?ving a h??lth insurance plan is of b?n?fit to a company in that it helps ?n?ur? that th? ??m??n?’? employees ?r? ?lw??? h??lth?. Thi? will lead t? sustained/increased ?r?du?tivit? b???u?? r??ll?, h??lth? ?m?l????? ?r? m?r? ?r?du?tiv? th?n ?i?k ones. It i? also w?rth? t? n?t? th?t ?ur?h??ing h??lth in?ur?n?? ?? a gr?u? i? f?r l??? expensive than ?ur?h??ing it individually.Retirement-savings ?l?n: Another b?n?fit package that a ??m??n? ??n provide it? ?m?l????? i? a retirement ??ving ?l?n. P??ing employee’s retirement contributions show th?t th? qu?lit? ?f life they l??d ?v?n ?ft?r th?? retire ?nd l??v? th? company’s service m?tt?r?. Thi? ???k?g? ?l?? ??m?? with the added b?n?fit th?t th? ??m??n? d??? not h?v? t? ??? t?x?? ?n what they ??ntribut? f?r their ?m?l????? ?nd th?t th? account is t?x d?f?rr?d for the ?m?l?????.Vacation d???’ (Si?k l??v?): Providing ??ur ?m?l????? with ??id vacation/leave d??? ??n go a l?ng w?? in ?n?uring th?ir ?r?du?tivit? and this i? ?t n? extra cost t? th? ??m??n? (?x???t for th?m n?t b?ing productive f?r a f?w days.)   Giving employees vacation fr?m work ?ll?w th?m to t?k? care ?f themselves ?nd r?li?v? themselves of wh?t?v?r ?tr??? th?? might h?v? ???umul?t?d ? v?r time. This r??ult? in th?m coming back t? w?rk revitalized ?nd b?tt?r ??ui???d t? driving the ??m??n? f?rw?rd.Housing b?n?fit?: Thi? ?l?n i? of b?n?fit to employees wh? would h?v? t? r?l???t? from th?ir current l???ti?n t? where th? ??m??n? is and who h?? th? r??ui?it? ?kill? th?t ?r? ?f b?n?fit t? the ??m??n?. Pr?viding ??m? f?rm ?f accommodation wh?th?r in th? guise ?f a ??m??n? ??ntr?ll?d ???rtm?nt ?r a rent v?u?h?r goes a long w?? in m?king th? employee feel v?lu?d. Thi? tr?n?l?t?? t? th? ?m?l???? b?ing more committed to th? company.Thi? ??nd? a m????g? to ??ur ?m?l????? th?t ??u really care ?b?ut th?ir w?ll-b?ing. That ??u v?lu? th?m ?nd ?r? not ju?t about their j?b?. It ??mmuni??t?? t? th?m th?t th? quality of lif? they lead i? ?l?? im??rt?nt.Recognize and Reward Excellence In order t? hold ?n t? the diligent employee, th? type ?f r?w?rd ???t?m ?m?l???d ?l??? a big r?l?.If it is th? wi?h ?f the ?m?l???r t? ?n??ur?g? th? ?m?l????? t? w?rk h?rd?r ?nd perform ?t a high?r leve l whil? staying ??mmitt?d with th? company for a mu?h l?ng?r ??ri?d, th?n it is ?dvi??bl? t? ??n?id?r giving the ?m?l????? th? ?h?n?? to ??rn m?r? m?n??, ??rt?in ??rk? and r???gniti?n.Rewards ?ff?r?d ??uld include thing? like overtime pay, r???gniti?n r?w?rd?, sales ??mmi??i?n, ?r?fit sharing ?nd b?nu???.F?r the employee wh? is all ?b?ut the money, diff?r?nt ways by which the t?k? home ??? can be bolstered i? usually a strong in??ntiv?.This ??ti?n ??uld b? a particularly ?tr?ng ?n? f?r the ones occupying ?u?h r?l?? lik? sales, ????unt m?n?g?m?nt ?r ?th?r positions wh??? performance influ?n??? th? company directly through r?v?nu??.The bonuses that ??uld b? paid in thi? w?? is a ?tr?ng incentive in retaining th? ?m?l????.A??rt fr?m th? ?tr?ight ??m??n??ti?n m?th?d, there are ??m? other b?n?fit? t? consider including lik? include ?t??k ??ti?n?, a ??r paid for by the company ?r a h?u?? whi?h the ??m??n? already ?ub?idiz?d it? ?ri??.Th?r? i? a h?rd? ?f other n?n-m?n?t?r? r?w?rd? ??t t?x? bl?, in??m? it?m? whi?h can be in?lud?d in the ?ff?r?d packages.Apart fr?m th? bonuses, h??lth b?n?fit? and ?th?r perks, it is v?r? essential t? n?t? th?t a l?t ?f w?rk?r? ?r? driv?n b? th? r???gniti?n whi?h ??n be gained fr?m their d??d?.Th? ??n?? ?nd f??ling that ??m?? ?l?ng with their b?ing v?lu?d ?nd appreciated ??n b? a l?rg? in??ntiv? and m?tiv?ti?n th?t l?t? the worker want to ?ti?k ?r?und.Th? ?m?l???? might ju?t b? ??nt?nt if th?? f??l ???r??i?t?d f?r th? w?rk th?? do. Thi? could b? th? deciding th? factor in m?king an ?m?l???? ?t??ing a company even ?v?r th? offer of b?tt?r ??? by a ??m??ting ?rg?niz?ti?n.E???nti?ll?, thi? m?k?? it im??r?tiv? f?r the ?m?l????? who ??rf?rm well ?nd ??n?i?t?ntl? to be r???gniz?d ?nd ???r??i?t?d before the ?ntir? ?t?ff and management.There are other r?w?rd? lik? ?r?j??t? tr?ining, event ??rti?i??ti?n and so ?n that will und?r???r? the fact th?t the company h?ld? ?u?h ?m?l???? in high regard.Th?r? is no w?? t? kn?w for ?ur? ju?t wh?t might m?ti v?t? th? employee to stick ?r?und ?nd ?t?? with th? company, but th? reward system i? sure a good way to ?t?rt.Ensure that the Work-Life Ratio of Your Employees is Balanced If th? g??l in mind i? t? ?n?ur? th?t your ?m?l????? ?t?? in ?h??k ?nd d??? n?t leave ??ur ??m??n? f?r some ?th?r ?rg?niz?ti?n, th?n ??u definitely n??d to m?k? ?ur? th?t th?? find a b?l?n?? between the w?rk th?? d? f?r ??u and th?ir individu?l liv??.Of ??ur??, you need them t? work ?nd keep working ?t a v?r? ?ffi?i?nt level -?nd also m?k? ?ur? th?t there i? no ill will or ??m?thing of th? ??rt harbored against ??u ?r ??ur ??m??n?- ?? that ??ur ??m??n? it??lf progresses. In ?rd?r t? ??hi?v? this, you n??d t? h?l? th?m r??liz? a balance between th? w?rk th?? d? while ?l?? m?int?ining ?n ?x??ll?nt lif??t?l?.If ??u are the kind ?f b??? whose ?t?ff ?r? r?quir?d t? w?rk l?ng hours ?n a regular b??i? ?nd ?l?? remain ?t ??ur b??k ?nd call, th?n it i? probable that ??u will h?v? a hard tim? with retaining ??ur ?m?l?????. Lik? m?nti?n?d ??rli?r, the balance between w?rk ?nd lif? is important and it is also im??r?tiv? th?t the importance is understood by the management.Well, wh?t ?m?l???? w?uld not l?v? to m?k? alternative w?rk ?rr?ng?m?nt?, h?v? ??h?dul?? th?t run diff?r?nt from th? normal 9 5, M?nd?? through Friday w?rk week.Th? idea b?hind thi? ?lt?rn?tiv? w?rk ?rr?ng?m?nt i? fl?xibilit?.Giving ?v?r some m???ur? ?f th? ??ntr?l ??u h?ld ?v?r their w?rk schedules t? them m?k?? it much ???i?r f?r them t? h?ndl? th? r????n?ibiliti?? th?? have n?t related t? the work they d? for you and of course, it h?l?? in the b?l?n?? of the work-life r?l?ti?n?hi?.Th?r? i? a bu?in??? rationale behind thi? concept ?f ?lt?rn?tiv? w?rk ?rr?ng?m?nt t??, ?nd it i? ?u?h th?t they are b?tt?r ?bl? t? h?ndl? th? ?r???ur?? ?n the h?m? fr?nt, it m?k?? th?m m?r? li?bl? t? b? m?r? ?r?du?tiv? wh?n they g?t on the j?b-?nd also l??? willing to l??v? th? j?b for ?n?th?r wh?n one ?f ??ur ??m??tit?r? ?ff?r th?m a littl? m?r? incentive t? j?in th?m.Arr?nging this ?lt?rn?tiv? w?rk arrangement ??n t?k? ?n? ?f the following forms:Fl?xtim? Flextime i? th? ?rr?ng?m?nt that ?n?bl?? th? ?m?l????? t? h?v? options wh?n ?tru?turing th?ir work day ?r w?rk week. The ?xtr?m? ?f this form ?f fl?xibl? work ?rr?ng?m?nt which i? ?l?? r?r? is ?ll?wing the ?m?l????? t? d??id? f?r th?m??lv?? n?t just when th?? work but ?l?? how long th?? w?rk. M?r? ??mm?n, though, the ?rr?ng?m?nt? ?x???t th? ?m?l????? to be working during particular hours whi?h ?r? im??rt?nt. Th?? are giv?n th? chance t? ?h???? th?ir ?t?rt and ?t?? times, ?ll that w?? is r?quir?d is th?t th?? work th? number ?f hours r?quir?d ?v?r? d??.C?m?r????d W?rkw??k thi? ?rr?ng?m?nt ?ll?w? th? ?m?l????? to w?rk th? numb?r of h?ur? whi?h was r?quir?d but th?n, th?? ??uld ??m?l?t? th? required hours in l??? th?n th? u?u?l w?rk days. Th? m??t common of thi? form is th? ?n? ??ll?d 4/10, h?r? th? w?rk?r? ??n w?rk 4 d??? ?f 10 hours in?t??d of the n?rm?l 5 d??? of 8 h?ur?. Thi? ar rangement provides a d?? without work for the workers, im?r?ving th? w?rk-lif? balance t??.Job Sh?ring thi? h?? t? d??l with ??rt tim? ?m?l?????, tw? ?f th?m ?h?ring a full time job. Th? ??l?r? ?nd b?n?fit? could be d??id?d b???d on th? proportion of jobs th? employees share. Thi? m?th?d ???um?? th?t the workers ?h?ring thi? job ??n w?rk together in h?rm?n? t? ?n?ur? th?t this ?rr?ng?m?nt w?rk? out.P?rm?n?nt part-time arrangements thi? has th? h?ur? ?f the alternative work ?rr?ng?m?nt? vary fr?m 20 to 29 h?ur? in a w??k with th? ?m?l????? ??m?tim?? given the ?h?n?? t? d??id? th? d??? ?n whi?h they w?rk ?nd just h?w long th?? worked.S?m? workers ?r? h?w?v?r h?rdwir?d t? work th?m??lv?? out, it th?n becomes ??ur r????n?ibilit? t? m?k? ?ur? th?t they get ?n?ugh tim? t? g?t enough r??t ?nd reinvigorate themselves.Thi? ??uld b? giving them long weekends off ?r a few off d??? ?r weeks ?t tim??.These w??? of striving t? ?r??t? a balance b?tw??n the w?rk and lif? of the ?m?l???? just m?? n?t b? able to w?rk ?ut with other ?m?l???r?, whi?h m?k?? thi? ???r???h h?l?ful in gaining th? l???lt? ?f th? ?m?l???? ?nd t? ?l?? ?r?m?t? a w?rk ?nvir?nm?nt whi?h facilitates ?ffi?i?n??.Be Accessible (Ensure that there is an Open Line of Communication)Thi? m?th?d h?? b??n credited as huge ??ur?? of incentive and ?l?? ?? ?n in??ir?ti?n f?r th? employees t? k??? giving th?ir b??t to th? ?rg?niz?ti?n in whi?h they are employed.Encouraging ?nd r?gul?r ??mmuni??ti?n h?l?? t? ?r??t? ?n ?n?rgizing and h??lth? work ?thi? which has b??n established ?? being th? bedrock ?f ?ng?ging the w?rk?r?.In ?rd?r t? ???ur? ?m?l????? that they b?l?ng in your company ?nd ?l?? ?n??ur?g? th?m t? w?rk in a friendly ?nd nurturing ?nvir?nm?nt, th?r? ?r? tw? ????nti?l ?????t? that should not be ?v?rl??k?d whi?h are communication and m?tiv?ti?n.Th??? tw? v?lu?? help in improving th? ??nfid?n?? ?nd trust that is ?r???nt in th? l??d?r?hi? whil?t ???ning new d??r? f?r th? ????rtuniti?? to learn m?r? and ?l?? im?r? v? m?n?g?ri?l ?kill?; ?ll ?f which ?r? v?r? im??rt?nt ingr?di?nt? for th? success ?f any ?rg?niz?ti?n.These ??mmuni??ti?n? can b? ??rri?d ?ut thr?ugh int?rn?l ??mmuni??ti?n? in the ?rg?niz?ti?n, organization of ??min?r? and workshops th?r?b? giving th? ?t?ff ?nd ?v?nu? t? ??mmuni??t? with indu?tr? v?t?r?n? and also improve their ?kill-??t.Communication ?r?und personal and professional d?v?l??m?nt makes it ???i?r f?r th? workers to tru?t the senior l??d?r?hi? ?nd open u? t? them, it ?l?? ?ll?w? f?r the ?rg?niz?ti?n’? ??ni?r leadership to int?r??t with th? ?m?l????? giving a vi?w??int concerning th? future ?l?n? of the ?m?l????? with r?g?rd? t? th? ?rg?niz?ti?n.It also ?ff?rd? th? ?rg?niz?ti?n in?ight? into the feelings ?f th? ?m?l????? t?w?rd? the ?rg?niz?ti?n’? ?thi??, th?ir ??ll??gu?? ?nd workmates.When the communication is tw?-w??, it h?l?? to b???t th? m?r?l? ?f the w?rk?r ?nd h?l?? t? make him feel as ?n? with th? ?rg?niz?ti?n.It will ?l?? enable them trust the management as wh?n ?m?l????? d? n?t h?v? ?????? t? certain inf?rm?ti?n th?? think will h?l? them d? th? j?b b?tt?r, th?? f??l th?t the employer does not think highl? ?f th?m ?n?ugh to share important inf?rm?ti?n.Giving f??db??k? ?r? ?l?? essential f?r r?t?ining ?m?l????? and building ?m?l????? with high potential. A l?t of ??m??ni?? are ?ng?g?d in h?lding annual ??rf?rm?n?? r?vi?w ?r????? ?nd ??m? semi-annual; in thi? processes, the m?n?g?r? ?n?ur? th?? ???? ?n structured f??db??k t? th?ir ?t?ff.This m?th?d ??und? g??d in th??r?, ?f ??ur??, but it i? an irr?gul?r ???t?m m??nt t? im?r?v? th? ??rf?rm?n?? ?f the ?m?l????, although it ???m? like token ?ff?rt?, however it ?i?ld? ??l??bl? results ?n overall ?rg?niz?ti?n?l ??mmuni??ti?n.Not having th? ??rf?rm?n?? review ?r??????? d??? not u?u?ll? f??l lib?r?ting f?r top employees th? w?rk?r? wh? have t?ngibl? effects ?nd ?triv? to impact to the w?rk objectives ?n a d?il? b??i?.Th? ????l? wh? perform highl? usually und?r?t?nd th?t th?r? i? u?u?ll? r??m t? w?rk h?rd?r ?nd im?r?v? ?n their w?rk effectiveness and they ?triv? h?rd?r wh?n th?? get th? ????rtunit? t? give ?r?du?tiv? f??db??k (?nd r???iv? t??).If th? managers however do n?t t?lk t? them consistently, th?n they probably will leave th? ??m??n? t? g? after ?l???? with b?tt?r deals wh?r? th?? b?li?v? they w?uld be n?ti??d ?nd valued.In order t? k??? the ??mmuni??ti?n lin?? ???n between th? ?m?l????? ?nd th? management ?? w?ll ?? t? ?n?ur? proper f??db??k, it w?uld b? effective if regular staff m??ting? w?r? ??h?dul?d.Thi? gives th? ?u??rvi??r? ?nd m?n?g?r? ????rtuniti?? to constantly ?nd consistently provide ?r?du?tiv? f??db??k? ?nd ??m?lim?nt the w?rk?r? ?n th?ir various jobs whil? ?l?? ??mmuni??ting with th?m ?nd h??ring their comments.Al??, ?ubli?hing a n?w?l?tt?r f?r th? ??m??n? ??uld go a long way t?w?rd? bridging the communication g?? b?tw??n th? employer and the ?m?l????.Dealing with Change Change i? ?n im??rt?nt ??rt of ?n organization, as it w?uld h?l? to make it p rogress, but in th? process ?f m?king th? ?h?ng?, ??m? ?f th? ?x??ll?nt ?m?l????? might ju?t d??id? t? u? ?nd ?uit deflecting to th? ??m??tit?r ?v?n th?ugh there might be n? n??d f?r th? ?h?ng?.Th?r? are thr?? r????n? h?w?v?r th?t ??uld m?k? ?n ?m?l???r im???? the change on the bu?in??? whi?h w?uld unnerve the ?m?l????? t? ?u?h ?xt?nt th?t th? good w?rk?r? w?uld consider l??ving th? ??m??n?. Th? r????n? include; ???t-?utting ?x?r?i??, full ?r ??rt ???ui?iti?n ?f th? ??m??n? b? a ??rtn?r ?r larger organization ?r a wh?l? business strategy pilot th?t i? used to r?v?lving ?r?und th? product th? company ?ff?r?.Th? ?h?ng? ??uld b? di?ru?tiv? f?r th? ??m??n? ?nd it ??uld ?r??t? th? ???ning th?t th? competitor i? l??king f?r to ????h m?j?r ?t?ff.Making ?ur? th? k?? w?rk?r? ?r? r?t?in?d w?uld b? critical ?nd not ju?t in handling the ??m?wh?t immediate transition but also in the maintenance ?f th? ?rg?niz?ti?n’? ??rf?rm?n?? ?nd r??ut?ti?n.Whil? und?rg?ing ?h?ng?, th? f?ll?wing ?h?uld be n? t?d and put t? use;Open u? convincingly on the need for ?h?ng?Li?t?n t? th? v?i??? ?f ?v?r??n? ?nd l?t them know th?t you h?v? heard th?mAll???t? the r???ur??? that ??u feel w?uld b? adequateM?k? ?ur? th? m?th?d you h?v? ?h???n t? implement i? simple ?ndEn?ur? th?t the ?h?ng? is ?u?t?in?bl?In light of th? aforementioned steps, it i? h?w?v?r im??r?tiv? that you ??mmuni??t? with th? employees ?? th?r? can n?v?r b? t?? mu?h ??mmuni??ti?n th?t can h????n b?tw??n th? employer and the ?m?l?????.Dispel the inevitable rumors that abound during th? tim?? ?f insecurity brought f?rth b? the ?h?ng?.Alw??? keep th? ????l? informed and k??? ??ur??lf clear of ?n?thing that could m?k? you l??? their tru?t, ?v?n if it i? n?t positive.This would m?k? th? workers f??l v?lu?d ?nd influ?n?? th?m in m?king the right d??i?i?n? about their future with the organization.Hold regular ?n?-?n-?n? m??ting? with the employees as well as full t??m m??ting?.Al?? ?n?ur? th?t ??u encourage th? workers t? offer th?ir ideas ?nd ask wh?t?v?r they f??l they n??d to kn?w.If th?? feel lik? th?? ?r? a ??rt of the solution t? th? issue, th?n, there is th? ????ibilit? that they would r?w?rd ??ur h?n??t? with th?ir loyalty and ?ti?k ?r?und.Al??, thi? ?h?w? that ??ur employee can ????k fr??l? and ?in??r?l? with th?ir l??d?r?hi? team without th? fear ?f negative consequences.Being open ?nd honest with your employees significantly in?r???? the ?h?n?? th?t they will ?ti?k around f?r a longer period ?f time.D???it? ?ll its b?n?fit?, th?r? are ?till downsides t? r?t?ining ?m?l????? fro too long.TH? SOMEWHAT M?N?G??BL? DI??DV?NT?G?? OF HAVING A TOO GOOD EMPLOYEE RETENTION STRATEGYTh?r? is a twi?t t? retention ?f your ?t?ff th?ugh, when employees wh? d? not d???rv? the post ?r? retained by ?n ?rg?niz?ti?n it ?r??t?? a situation of l???.Usually, th?r? is that ?n? staff wh? you w?uld rather fire, but circumstances prevalent ?t th? tim? makes it a diffi?ult d??i?i?n t? m?k?.But wh?n this ?t?ff decides t? quit ?n hi ? ?r h?r own accord, th?r?’? n? reason t? make an ?ff?rt t? keep him ?r h?r.Also, in situations lik? budget ?ut d?wn?, ??m? staff are worth retaining, while others; not ?? mu?h. Here ?r? a few ?itu?ti?n? wh?n r?t?ining ?n employee b???m?? disadvantageous.Wh?n N?n-P?rf?rming Em?l????? are R?t?in?dWh? to r?t?in i? ?n important d??i?i?n th?t ?v?r? ?rg?niz?ti?n has t? m?k?. Retention w?rk? ?dv?r??l? when ?m?l????? wh? are n?n-??rf?rming are retained.Th?r? ?r? tim?? wh?n employees ?r? not r??d? t? gr?w ?nd th?? ?r? a li?bilit? t? th? organization. Th??? employees do n?t ?dd v?lu? to th? team and ?h?uld not b? r?t?in?d.Thi? however calls f?r a g??d ??li?? t? ?n?ur? that th??? employees are id?ntifi?d.Gr?u?i?m in W?rk?l???R?t?nti?n many times m?k?? th? ??w?r t? m?v? in wr?ng hands.This happens wh?n ?m?l????? t?k? it to th?ir head when th?? ?r? r?t?in?d.Th?? ??n begin t? ?v?r ??tim?ting th?ir worth ?nd ?r??t? a negative group and influ?n?? others.Thi? gr?u?i?m ?v?ntu?ll? starts ?ff??ting th? qu?lit? ?nd fl?w of w?rk which might have been th? m?j?r reason wh? th?? were r?t?in?d ?t the first ?l???.This ?h?uld b? attended imm?di?t?l? to ensure th?t such groups d? n?t gr?w ?tr?ng.B?d Working EnvironmentCulture i? an important r????n wh? r?t?nti?n ??li?i?? are n??d?d, when retention starts d??tru?ting th? ?ultur? then it i? time t? rethink.M?n? times r?t?nti?n makes ?m?l????? und?r ??rf?rming and th?? d?m?nd more th?n th?? d???rv?. Th?? ?v?n ?r??t? a n?g?tiv? w?rk environment.Th? tri?k i? to ?n?ur? th?t th? ?n? who is b?ing retained h?? ?n intention t? add t? the ???itiv? ?nvir?nm?nt and not ?r??t? a negative environment at w?rk.CONCLUSIONIn ??n?lu?i?n, a ??m??n? l??king t? maintain it? lead in it? indu?tr? ?nd ?r??t? a n?m? for it??lf th?t i? n?t ???il? toppled h?? to be ?bl? t? r?t?in it? t?? t?l?nt? ?nd keep them fr?m b?ing poached ?nd wooed b? ?th?r ??m??ni??.Th?t company h?? to ??n?t?ntl? ?triv? t? ensure th?t it? ?m?l????? ?r? ??ti?fi?d, ?nd that th?? are ??mmitt?d t? th? company.